Regulatory advice and compliance

Regulatory advice and compliance

Kastell’s team is very experienced in advising on, and liaising with the relevant authorities in relation to, regulatory questions, including questions regarding product safety, foreign direct investments (FDI) and protection of national security. Kastell also has significant experience of creating and implementing compliance programmes.

Kastell can assist with, inter alia:

Regulatory advice

Advising on and liaising with authorities regarding various regulatory acts, primarily those with an EU-law basis, within the following areas and industries:

  • Agricultural and food, UTP Act on the prohibition of unfair trading practices
  • Energy
  • Telecoms
  • Refuse management
  • Gambling
  • Product safety
  • Foreign direct investments and protection of national security
Foreign direct investments (FDI) and protection of national security

The Foreign Direct Investments Act (FDI Act) applies as of 1 December 2023. The FDI Act has a broad scope and means that a large number of transactions must be notified to the relevant authority, the Inspectorate for Strategic Products (ISP).

In addition, as of 1 January 2021, companies that fall within the National Security Protection Act must consult with and notify the relevant authority upon a transfer of a business which is sensitive from a national security perspective. 

The authorities responsible under the FDI Act and the National Security Protection Act have significant powers and can ultimately block a transaction on security grounds. 

Kastell provides companies and foreign counsel with legal and strategic advice, and assists with preparing the notification and liaising with the relevant authorities.

Compliance
  • Drafting and implementing compliance programmes, focusing on the areas that are crucial to your specific area of business 
  • Training and internal investigations where there is a suspected infringement
See also